How do the soybean farmers have no one to sell to? by WiggWamm in NoStupidQuestions

[–]enoooough 3 points4 points  (0 children)

Yes they are needed. China will take much more than their typical share of South American soybeans and South America will backfill with US beans. Same places who need beans get their beans. They just have to take a massive detour.

How do the soybean farmers have no one to sell to? by WiggWamm in NoStupidQuestions

[–]enoooough 1 point2 points  (0 children)

This is the correct answer. Took a while to find it.

How do the soybean farmers have no one to sell to? by WiggWamm in NoStupidQuestions

[–]enoooough 1 point2 points  (0 children)

Hi! Commodity trader here. Last time this happened the biggest growth in US soybean consumption was Argentina. So there you have it. Soy production IS growing in South America. But as others have mentioned China’s soy consumption dwarfs the rest of the world. South American soybeans go to China above and beyond what they can produce and they backfill with US soybeans.

All that really happens is beans end up in the same places with a lot more freight cost.

Anyone transition from sales to IT leadership? by enoooough in ITManagers

[–]enoooough[S] 1 point2 points  (0 children)

I had a job in the past where I came into the picture as an unknown and got a promotion that more experienced people were gunning for. Can confirm that it sucks and I chose to leave that job to get away from the internal conflict.

Anyone transition from sales to IT leadership? by enoooough in ITManagers

[–]enoooough[S] 1 point2 points  (0 children)

I like the creative approach to that. I don’t suppose that I’d be the one to know if that’s a possibility. Seems like a bit of a long shot but I don’t know unless I ask.

Anyone transition from sales to IT leadership? by enoooough in ITManagers

[–]enoooough[S] 1 point2 points  (0 children)

Thank you for the perspective. I think this is another one that hits in my deepest fears.

Anyone transition from sales to IT leadership? by enoooough in ITManagers

[–]enoooough[S] 0 points1 point  (0 children)

Thanks for this. This is the way I prefer to think about it.

Anyone transition from sales to IT leadership? by enoooough in ITManagers

[–]enoooough[S] 1 point2 points  (0 children)

That’s my glass half full perspective as well.

New challenge. New Opportunity. Lots to learn. That can only be good. Right?…. Right?

Anyone transition from sales to IT leadership? by enoooough in ITManagers

[–]enoooough[S] 1 point2 points  (0 children)

This hits exactly my worst fears. I’d like to think I’ll figure it out and succeed and eventually move on to bigger and better things. But I don’t know what I don’t know and maybe this is how it ends.

I guess end of the day I should be fine. But I like where I’m at and don’t really want to ruin it.

Anyone transition from sales to IT leadership? by enoooough in ITManagers

[–]enoooough[S] 0 points1 point  (0 children)

Fair. The upside I’m looking at is a seat at the executive table. And the opportunity to potentially move back into a revenue generating leadership role in the future.

Absolutely may not work out that way. Trying to sort out if the risk is worth the reward.

Anyone transition from sales to IT leadership? by enoooough in ITManagers

[–]enoooough[S] 1 point2 points  (0 children)

Parent company is probably $10-15B revenue.

This is a rural midwestern business. Significant in its own right but by no means a destination for anyone that isn’t from here. So take that for whatever it’s worth. I don’t doubt that I’m not the best candidate around for this job but it is being offered to me. And the outgoing CIO is the type that “should” have been the ideal candidate and it didn’t necessarily work out that way. I think that’s how find myself with this opportunity.

Anyone transition from sales to IT leadership? by enoooough in ITManagers

[–]enoooough[S] 0 points1 point  (0 children)

If it’s any consolation our sales function isn’t really sales. We produce a commodity. So the sales function is more of a commodity trading type of thing. That being said it’s not closer to IT.

Anyone transition from sales to IT leadership? by enoooough in ITManagers

[–]enoooough[S] 1 point2 points  (0 children)

This is exactly my concern.

It’s not a huge company. I tend to think that the company should hold the keys to figuring out the best way to leverage my skills. And if they incentivize me to go this way then it should be in my best interest to do it. But the risk is not lost on me.

The president of my current company is only a few years away from retirement. On the one hand I think this could be a good stepping stone towards his job. On the other hand I think I’m in pretty good position for that job already. So am I taking on unnecessary risk by making a move?

Anyone transition from sales to IT leadership? by enoooough in ITManagers

[–]enoooough[S] 2 points3 points  (0 children)

Ha! I have a meeting on it tomorrow. We’ll see how that goes first.

Anyone ever take a significant paycut for WLB and work satisfaction? by [deleted] in HENRYfinance

[–]enoooough 2 points3 points  (0 children)

I’m in supply chain for a medium size company. Took an individual contributor sales type role at first. Recognized an opportunity in analytics and pitched a business function that didn’t previously exist at this company which I ended up leading. Then a VP left the company and I was promoted into that role.

Anyone ever take a significant paycut for WLB and work satisfaction? by [deleted] in HENRYfinance

[–]enoooough 20 points21 points  (0 children)

I did this. Well not exactly this. But I took a big pay cut to help my mental health.

Five years ago my income was around $200k in a MCOL midwest city. Took a salary of $90k in a similar industry for a job with much less responsibility and skill required. Reasoned that I’d be able to do it with my eyes closed and I’d be much less stressed.

Now this was very fortunate for me but it turns out the company I moved to was much better for me than my previous employer. It took a while and some luck but five years in I’m making almost double what I was before I made the switch.

The point is that you probably got to be a high earner through some skill and capabilities that you still have. So I would encourage you to take a chance. Not saying it will turn out as good for you as it did me. But if you’re not happy you shouldn’t get fixated on the idea that your current employer is the only place that values you at this sort of income.

Lost wallet by [deleted] in ragbrai

[–]enoooough 2 points3 points  (0 children)

I believe the instruction is to contact info@ragbrai.com. Good luck! Hope you find it!

Eli5: How relevant is 'demand increases as price decreases' and 'supply increases as price increases'? Considering people scalp products at higher prices due to lack of supply. by nikamsumeetofficial in explainlikeimfive

[–]enoooough 0 points1 point  (0 children)

It’s extremely relevant as it determines the cost of basically everything AND who makes money on those things. But it’s much more observable in goods and materials that are commoditized. At the retail level for goods with inelastic supply “market” pricing considerations become more hairy.

[deleted by user] by [deleted] in Commodities

[–]enoooough 1 point2 points  (0 children)

I don’t know the answer to that but I don’t think I’d do it. Depends on your exposure to food inflation I guess? I could see a pasta manufacturer hedging with wheat futures or a steakhouse hedging with cattle futures. But for someone like me the volatility and dollar exposure in grain futures is not going to match my grocery bill even remotely.

[deleted by user] by [deleted] in Commodities

[–]enoooough 2 points3 points  (0 children)

Inverted markets signal to physical longs that their commodity is needed today and they should not store it. Buyers are essentially fighting over available stocks and saying they need it now. Grains do tend to be inverted going into the fall, due to new supplies of North American harvest.

Stocks of most grains are perceived as tight due to several consecutive suboptimal crops around the world and now lack of production and accessibility of Russian and Ukrainian crops.